CoinDesk 20 Performance Update: Solana (SOL) Gains 1.4%, Leading the Index Higher
TL;DR
CoinDesk 20 Index rose 0.7% with Solana (SOL) and CRO leading gains at +1.4%, while XLM and APT lagged. KuCoin achieved record trading volume in 2025, driven by altcoin activity and balanced spot-derivatives usage.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2726.41, up 0.7% (+18.35) since 4 p.m. ET on Tuesday.
Ten of 20 assets are trading higher.
Leaders: SOL (+1.4%) and CRO (+1.4%).
Laggards: XLM (-1.3%) and APT (-1.0%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.